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1- Bullish candles:
When the market is Bullish, Heikin-Ashi candles have big bodies and long upper shadows but no
lower shadow. Look at the big uptrend in the below chart. As you see almost all of the candles have
big bodies, long upper shadows and no lower shadow.
2- Bearish candles:
When the market is Bearish, Heikin-Ashi candles have big bodies and long lower shadows but no
upper shadow. Look at the big downtrend in the below chart. As you see almost all of the candles
have big bodies, long lower shadows and no upper shadow.
3- Reversal candles:
Reversal candles in the Heikin-Ashi charts look like Doji candlesticks. They have no or very small
bodies but long upper and lower shadows. Look at the reversal candles in the below chart:
Look at the below 2 minutes chart and see two short trade and one long trade opportunities: